Partnering one of the nation’s largest conglomerates, Sri Lanka’s most innovative bank, HNB PLC announced the commencement of multiple long-term finance facilities totaling Rs. 8.5 billion for Hayleys PLC and the Group subsidiaries.
The agreement was facilitated by HNB’s Corporate Banking Division, which is a key vertical within the Banks Wholesale Banking Group (WBG). Presently, the WBG manages the banking needs of bulk of the largest blue chip Corporates & Conglomerates in the country.
The signing up ceremony was attended by Hayleys PLC Group Executive Director Sarath Ganegoda, Hayleys Group Chief Financial Officer Choliya De Silva, Head of Group Treasury Malin Fernando, together with HNB Deputy General Manager Wholesale Banking Group, Damith Pallewatte, HNB Assistant General Manager Corporate Banking, Majella Rodrigo, HNB Senior Manager Corporate Banking Manojith Weerasuriya, HNB Relationship Manager, Samindhi Kurukulasuriya.
HNB’s Wholesale Banking Group specializes in providing clients a range of products and services tailored to address long term funding, working capital financing, trade, FX and structured finance requests through collaboration with other Wholesale Banking divisions such as the Banks Payments & Cash Management, Custody & Trustee, Treasury and Trade Services divisions.
With 252 customer centres across the country, HNB is one of Sri Lanka’s largest, most technologically innovative banks having won local and global recognition for its efforts to drive forward a new paradigm in digital banking. HNB carries a long-term national rating of AA+ (lka) by Fitch Ratings (Lanka) Ltd.